Hazineden Güne Bakış

Turkish rates stayed elevated as the 2Y benchmark closed at 40.61% and the 10Y at 35.28%, while five- and ten‑year sovereign eurobond yields traded at 7.10% and 7.60%. The country risk premium stood at 230 bps and USD/TRY hovered near 48.8. Globally, the BoE kept rates at 3.75% and the BoJ hiked 25 bps to 1.25%; the U.S. 10Y yield traded around 4.94 as the dollar index held near 100. Brent approached $100 and gold eased, with both reflecting recent volatility.

Domestically, the near‑term calendar is light, whereas U.S. August industrial production and the Euro Area current account are due today. On funding, recent Treasury auctions cleared at composite yields around 35–41% across 2–8 year TL instruments with sizable allocations, and the September program targets TL 343 bn financing, TL 282 bn market borrowing, and a 95% domestic rollover ratio, alongside TL 297 bn in total domestic payments.